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Handbook of Business Procedures

19.1. INTRODUCTION AND RESOURCES

A. Introduction

The University of Texas at Austin’s Office of Accounting Risk Management implements and administers cost-effective
insurance programs to protect people, property, the community, and the environment, and to enhance the well-being of
students, faculty, and staff. Insurance risk management includes the administration of various insurance programs,
including coverage of vehicles, charter buses, equipment and ocean cargo, fine arts, property, general liability,
special events, camps, and reviews insurance requirement for general contracts.

B. Risk Management Functions

The Office of Accounting Risk Management performs a variety of functions, including the following:

Coordinates the purchase of insurance policies through The University of Texas System’s Office of Risk Management